Former Louisville coach Rick Pitino has reached a settlement in a breach of contract lawsuit he filed against the University of Louisville Athletic Association almost two years ago.

Neither Pitino nor the school will receive any money in the settlement, but his departure from the school will be changed to a resignation in his personnel file.

The agreement comes a week after the sides participated in a mediation session lasting nine hours in Louisville.

"I think it's a terrific outcome," said Louisville athletic director Vince Tyra.

Pitino was fired in October 2017 in the fallout from an FBI investigation into bribery and fraud in college basketball.

The coach sued for $38.7 million the following month, arguing there is nothing in a federal criminal complaint unsealed in September of that year that tied him to any improper activities. The school countered with a suit against Pitino seeking damages from vacated games and bonuses.

-- Field Level Media

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